notdevin

I’m excited to announce that we’re leading the $15M seed round in @joinlegend to simplify DeFi & help bring the next 100M users onchain.

While DeFi activity has grown, it has also become more complex, & remains too complicated for many people to use. Legend is pointing the way to a simpler user experience & broader adoption. Their first product is an embedded smart contract wallet that allows users to borrow, lend, or swap across chains without manual wallet connections or the risk of interacting with malicious websites.

Legend’s founders @json, @hayesgm, & @mykel all worked together at DeFi pioneer Compound. Geoffrey was an inventor of the Compound protocol, and a co-founder of Compound Labs. Mykel & Jayson worked together on product and design at Compound Labs before Jayson took the reins as CEO.

With their user-facing product expertise and empathy for DeFi developers, the Legend team is perfect to address the UX challenge that’s still hindering DeFi adoption. We’re delighted to support them.

Hey look another defi product for normies starring all things crypto

Keep lighting that money on fire boys, one of these days it’ll work 🤘

Feels like a deja vu... Stop throwing products at people and think that "UX" is the hurdle! Start with really understanding normal people first. This is defi from the multi-million SF ivory tower, where people have plenty of money.

A normal person on the street does not:
- Want to "swap tokens", they want to spend their salary on groceries, a night out or rent. 
- A normal person is not going to borrow from defi products that are meant for leveraging up token positions, a.k.a. compound where you can only borrow less than your collateral. Normal people take out loans because they don't have the money yet, aka need to gain a certain credit trust based on real world salary to get it from a bank. 
(1/2)

100% 
The infinite money ivory tower (or should I say echo chamber)

Catch me on X, notifications are off here 
@devinjelliot

Experimenting, Fun, DeFi, Consumer Crypto & Ghouls

You absolutely nailed it. It’s fine, I’m sure like lizard people they will get 12m users, the rest of us want real utility not this bag of wet blankets

100% 
The infinite money ivory tower (or should I say echo chamber)

https://warpcast.com/jjor/0x452bd890

At this rate, onboarding 100M users looks harder than sending humans to Mars.